Risk Manager - Insurance

Placements24; Polokwane; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary

Hybrid work arrangement

Medical and retirement benefits

Professional development

Job summary

Placements24 is seeking a strategic Risk Manager for our Polokwane insurance division. The role focuses on identifying, assessing, and mitigating risks to protect the company’s operations and financial stability.

You will develop robust risk frameworks and collaborate with multiple departments in a hybrid work setting. You will lead the ERM program, produce board-ready risk reports, and drive a risk-aware culture across the organization.

Qualifications

• Minimum 5 years of experience in risk management, preferably in insurance/financial services.
• In-depth knowledge of risk management principles and COSO framework.
• Strong analytical and problem-solving abilities.
• Excellent written and verbal communication and stakeholder management.
• Familiarity with South African insurance regulations.
• Experience working in a hybrid work environment.

Responsibilities

• Develop and maintain the enterprise risk management (ERM) framework.
• Identify, assess, and prioritize key risks across the organization.
• Design and implement risk mitigation controls and monitor effectiveness.
• Prepare risk reports for senior management and the board.
• Promote risk culture through training and communication.

Skills

Risk management

Analytical skills

Stakeholder management

COSO framework

Tools

COSO framework

Job description

About the Role

Our client is looking for a strategic and experienced Risk Manager to join their insurance division in Polokwane . This role is responsible for identifying, assessing, and mitigating a wide range of risks that could impact the company's operations and financial stability. You will develop and implement robust risk management frameworks and policies, working closely with various departments to foster a strong risk-aware culture. This hybrid position offers the opportunity to engage directly with stakeholders while also enjoying the flexibility of remote work, contributing significantly to the organization's resilience and success.

Key Responsibilities

• Develop, implement, and maintain the company's enterprise risk management (ERM) framework.
• Identify, assess, and prioritize key risks across the organization, including operational, financial, strategic, and compliance risks.
• Design and implement risk mitigation strategies and controls, monitoring their effectiveness.
• Prepare regular risk reports for senior management and the board, highlighting key exposures and mitigation plans.
• Ensure compliance with relevant regulatory requirements and industry best practices for risk management.
• Promote a strong risk management culture throughout the organization through training and communication.

Requirements

• Minimum of 5 years of experience in risk management , preferably within the insurance or financial services sector.
• In-depth knowledge of risk management principles, methodologies, and frameworks (e.g., COSO).
• Strong analytical and problem-solving skills with the ability to interpret complex data.
• Excellent communication, influencing, and stakeholder management skills.
• Familiarity with relevant South African regulations impacting the insurance industry.
• Ability to work effectively in a hybrid setting, balancing in-office collaboration with remote autonomy.

Benefits

• Competitive salary and performance-based incentives.
• Hybrid work arrangement providing flexibility and work-life balance.
• Comprehensive medical and retirement benefits package.
• Opportunities for professional development and certifications in risk management.
• A key role in shaping the risk strategy of the organization in Polokwane .